Description
Complete the University of Phoenix Material: Risk Identification Scenarios worksheet. Insert the values, which correspond to the probability of those risks, and the impact of the risk events
For each risk scenario - write a 50 to 100 word description on how you would document and mitigate the risks you identified. Include references and in-text citation to support your application of risk identity, mitigation and rankings.
Format the worksheet by including in-text citation and a reference page consistent with APA guidelines.
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Explanation & Answer
Running head: RISK EVENTS SCENARIOS
Risk Identification in Various Scenarios
Student’s Name
Institutional Affiliation
1
RISK EVENTS SCENARIOS
2
Risk Identification in Various Scenarios
Identification of risk is a process of establishing potential losses that an investment could
face; thus preventing such investments realizing the primary objective (Haimes, 2015). For
instance, an enterprise could face a risk of fire, natural calamities, such as flooding, as well as a
market risk due to high competition. Therefore, it is critical for any investment administrators to
identify the possible losses that could hinder the achievement of the main purpose of establishing
the business. The disquisition will entail the identification of possible risk in the various
investment scenarios; ranking the risks as well as the provision of mitigation process.
Scenario one
The investment scenario one consists of a pharmaceutical enterprise expansion to third
world economies. The table below depicts the potential losses events, the score on the probability
of the events occurring, as well as the rating on the possible impact.
Risk event
Political Risk
Probability of risk event
( High=1; Medium=3; Low=5)
1
Impact of risk event
( High=1; Medium=3; Low=5)
1
Market risk
1
1
Socio-economic risk
1
3
Natural calamities
5
3
Fire
5
1
Venturing into a new market in third world countries, the enterprise could face various
risk events, suc...